Natchez FHA Loan Rates, Closing Costs & Stats

Natchez, MS-LA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Natchez's 16 lenders originated 59 FHA loans during 2023. The total origination value was $9,425,000, with an average FHA loan value of $159,746.

    Natchez FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Natchez averaged 6.6% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Natchez's average FHA mortgage closing costs are $6,579.

    The average rate for the prior week (2025-02-07) was 6.92% and one month ago for the week of 2025-01-10, the average rate was 6.78%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.42%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Natchez FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Natchez level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 24 7.08% $8,477
    FIDELITY BANK 7 7.04% $7,532
    QUICKEN LOANS, LLC 5 5.87% $9,537
    UNITED WHOLESALE MORTGAGE, LLC 5 7.50% $6,987
    GMFS LLC 3 6.63% $5,553
    Trustmark National Bank 2 6.79% $5,839
    NEWREZ LLC 1 6.75% $6,917
    PLANET HOME LENDING, LLC 1 7.00% $4,892
    Regions Bank 1 6.25% $7,381
    SUN WEST MORTGAGE COMPANY, INC. 1 6.50% $6,553
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $9,550
    BancorpSouth 1 6.69% $5,270
    Bank of England 1 6.63% $7,475
    Equity Prime Mortgage LLC 1 5.88% $9,780
    Mortgage Research Center, LLC 1 7.63% $4,716
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $6,930

    The top Natchez FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 24 FHA loans originated. Their average total fees are $8,477, which is $945 higher than the next largest lender, FIDELITY BANK.

    The lowest fee Natchez FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($8,477), .

    The lowest rate Natchez FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (7.08%), .

    Natchez FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NATCHEZ, MS-LA CONCORDIA 2022 $420,680 $538,650 $651,050 $809,150
    NATCHEZ, MS-LA ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    NATCHEZ, MS-LA CONCORDIA 2023 $472,030 $604,400 $730,525 $907,900
    NATCHEZ, MS-LA ADAMS 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Natchez (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $189,950 (21.8%) $250,142 (-1.4%) 0.00 288
    2018-02-01 $189,350 (26.3%) $248,224 (-0.9%) 0.00 301
    2018-03-01 $183,750 (22.5%) $244,459 (-1.2%) 0.00 319
    2018-04-01 $183,625 (15.5%) $248,562 (2.5%) 0.00 344
    2018-05-01 $182,350 (6.3%) $244,425 (-4.5%) 0.00 337
    2018-06-01 $176,250 (0.7%) $243,229 (-3.1%) 0.00 367
    2018-07-01 $168,750 (-3.1%) $240,816 (0.0%) 0.00 386
    2018-08-01 $165,750 (-7.7%) $244,514 (-1.4%) 0.00 374
    2018-09-01 $169,000 (-8.4%) $254,393 (4.1%) 0.00 373
    2018-10-01 $169,450 (-0.3%) $261,204 (8.4%) 0.00 367
    2018-11-01 $165,000 (-11.3%) $255,676 (3.2%) 0.00 361
    2018-12-01 $169,000 (-10.8%) $261,364 (6.3%) 0.00 337
    2019-01-01 $169,000 (-11.0%) $257,736 (3.0%) 0.00 313
    2019-02-01 $176,950 (-6.6%) $258,217 (4.0%) 0.00 317
    2019-03-01 $189,671 (3.2%) $268,755 (9.9%) 0.00 325
    2019-04-01 $189,871 (3.4%) $272,750 (9.7%) 0.00 340
    2019-05-01 $188,875 (3.6%) $261,888 (7.1%) 0.00 362
    2019-06-01 $185,000 (5.0%) $262,187 (7.8%) 0.00 369
    2019-07-01 $186,125 (10.3%) $265,502 (10.3%) 0.00 377
    2019-08-01 $182,873 (10.3%) $250,708 (2.5%) 0.00 372
    2019-09-01 $179,682 (6.3%) $246,870 (-3.0%) 0.00 367
    2019-10-01 $177,150 (4.5%) $243,880 (-6.6%) 0.00 362
    2019-11-01 $179,500 (8.8%) $246,005 (-3.8%) 0.00 357
    2019-12-01 $175,000 (3.6%) $243,934 (-6.7%) 0.00 358
    2020-01-01 $176,500 (4.4%) $244,006 (-5.3%) 0.00 352
    2020-02-01 $183,250 (3.6%) $247,929 (-4.0%) 0.00 366
    2020-03-01 $187,438 (-1.2%) $255,382 (-5.0%) 0.00 358
    2020-04-01 $187,563 (-1.2%) $253,282 (-7.1%) 0.00 327
    2020-05-01 $182,500 (-3.4%) $254,415 (-2.9%) 0.00 310
    2020-06-01 $192,500 (4.1%) $263,716 (0.6%) 0.00 315
    2020-07-01 $195,500 (5.0%) $266,077 (0.2%) 0.00 314
    2020-08-01 $192,500 (5.3%) $257,066 (2.5%) 0.00 322
    2020-09-01 $186,250 (3.7%) $262,010 (6.1%) 0.00 328
    2020-10-01 $186,500 (5.3%) $273,767 (12.3%) 0.00 319
    2020-11-01 $189,250 (5.4%) $285,236 (16.0%) 0.00 291
    2020-12-01 $186,500 (6.6%) $279,814 (14.7%) 0.00 288
    2021-01-01 $191,000 (8.2%) $294,274 (20.6%) 0.00 265
    2021-02-01 $193,875 (5.8%) $300,606 (21.3%) 0.00 247
    2021-03-01 $185,875 (-0.8%) $301,140 (17.9%) 0.00 202
    2021-04-01 $178,250 (-5.0%) $298,294 (17.8%) 0.00 185
    2021-05-01 $179,000 (-1.9%) $300,603 (18.2%) 0.00 178
    2021-06-01 $183,812 (-4.5%) $298,690 (13.3%) 0.00 180
    2021-07-01 $187,000 (-4.4%) $316,203 (18.8%) 0.00 190
    2021-08-01 $187,000 (-2.9%) $312,463 (21.6%) 0.00 193
    2021-09-01 $199,000 (6.9%) $327,024 (24.8%) 0.00 174
    2021-10-01 $195,000 (4.6%) $328,215 (19.9%) 0.00 153
    2021-11-01 $185,000 (-2.3%) $331,626 (16.3%) 0.00 148
    2021-12-01 $176,750 (-5.2%) $325,602 (16.4%) 0.00 149
    2022-01-01 $185,000 (-3.1%) $349,387 (18.7%) 0.00 136
    2022-02-01 $185,000 (-4.6%) $365,354 (21.5%) 0.00 130
    2022-03-01 $196,250 (5.6%) $356,876 (18.5%) 0.00 140
    2022-04-01 $182,400 (2.3%) $347,384 (16.5%) 0.00 146
    2022-05-01 $194,500 (8.7%) $322,352 (7.2%) 0.00 145
    2022-06-01 $221,000 (20.2%) $342,505 (14.7%) 0.00 138
    2022-07-01 $210,000 (12.3%) $324,420 (2.6%) 0.00 147
    2022-08-01 $197,450 (5.6%) $332,323 (6.4%) 0.00 128
    2022-09-01 $193,750 (-2.6%) $309,811 (-5.3%) 0.00 136
    2022-10-01 $195,000 (0.0%) $303,454 (-7.5%) 0.00 137
    2022-11-01 $195,000 (5.4%) $307,920 (-7.2%) 0.00 133
    2022-12-01 $195,000 (10.3%) $323,754 (-0.6%) 0.00 132
    2023-01-01 $220,950 (19.4%) $345,574 (-1.1%) 0.00 129
    2023-02-01 $211,125 (14.1%) $335,358 (-8.2%) 0.00 131
    2023-03-01 $223,250 (13.8%) $353,683 (-0.9%) 0.00 134
    2023-04-01 $229,000 (25.6%) $360,815 (3.9%) 0.00 138
    2023-05-01 $224,950 (15.7%) $355,245 (10.2%) 0.00 145
    2023-06-01 $226,000 (2.3%) $366,012 (6.9%) 0.00 157
    2023-07-01 $225,000 (7.1%) $368,396 (13.6%) 0.00 159
    2023-08-01 $215,750 (9.3%) $356,649 (7.3%) 0.00 172
    2023-09-01 $225,000 (16.1%) $371,238 (19.8%) 0.00 174
    2023-10-01 $238,750 (22.4%) $378,212 (24.6%) 0.00 171
    2023-11-01 $232,075 (19.0%) $367,905 (19.5%) 0.00 172
    2023-12-01 $227,450 (16.6%) $363,134 (12.2%) 0.00 153
    2024-01-01 $246,500 (11.6%) $379,333 (9.8%) 0.00 147
    2024-02-01 $263,725 (24.9%) $400,955 (19.6%) 0.00 143
    2024-03-01 $273,500 (22.5%) $397,123 (12.3%) 0.00 168
    2024-04-01 $294,000 (28.4%) $417,281 (15.7%) 0.00 182
    2024-05-01 $299,874 (33.3%) $429,501 (20.9%) 0.00 193
    2024-06-01 $293,750 (30.0%) $421,247 (15.1%) 0.00 206
    2024-07-01 $319,225 (41.9%) $425,397 (15.5%) 0.00 211
    2024-08-01 $329,000 (52.5%) $416,582 (16.8%) 0.00 208
    2024-09-01 $324,225 (44.1%) $422,661 (13.9%) 0.00 218
    2024-10-01 $295,000 (23.6%) $401,797 (6.2%) 0.00 229
    2024-11-01 $295,000 (27.1%) $391,885 (6.5%) 0.00 229
    2024-12-01 $290,725 (27.8%) $401,600 (10.6%) 0.00 215
    2025-01-01 $283,250 (14.9%) $393,655 (3.8%) 0.00 218
    Natchez's median listing price for 2025-01-01 was $283,250, a difference of $36,750 (14.9%) versus the prior year and $-7,475 versus the prior month.

    Natchez's median listing price comes in at 0% of the national average.

    Natchez's average listing price for 2025-01-01 was $393,655, a difference of $14,322 (3.8%) versus the prior year and $-7,945 versus the prior month.

    For the 2025-01-01 period, Natchez had 218 MLS listings, a difference of 3 listings (1%) versus the prior month and 71 listings (48%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Natchez (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,116 sqft
    2018-02-01 0 days 2,099 sqft
    2018-03-01 0 days 2,011 sqft
    2018-04-01 0 days 2,029 sqft
    2018-05-01 0 days 1,998 sqft
    2018-06-01 0 days 1,966 sqft
    2018-07-01 0 days 1,885 sqft
    2018-08-01 0 days 1,900 sqft
    2018-09-01 0 days 1,960 sqft
    2018-10-01 0 days 1,976 sqft
    2018-11-01 0 days 1,932 sqft
    2018-12-01 0 days 1,939 sqft
    2019-01-01 0 days 1,913 sqft
    2019-02-01 0 days 1,931 sqft
    2019-03-01 0 days 1,964 sqft
    2019-04-01 0 days 1,960 sqft
    2019-05-01 0 days 1,993 sqft
    2019-06-01 0 days 1,986 sqft
    2019-07-01 0 days 1,982 sqft
    2019-08-01 0 days 1,966 sqft
    2019-09-01 0 days 1,944 sqft
    2019-10-01 0 days 1,926 sqft
    2019-11-01 0 days 1,960 sqft
    2019-12-01 0 days 1,953 sqft
    2020-01-01 0 days 1,967 sqft
    2020-02-01 0 days 1,986 sqft
    2020-03-01 0 days 2,009 sqft
    2020-04-01 0 days 2,003 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 2,076 sqft
    2020-07-01 0 days 2,085 sqft
    2020-08-01 0 days 2,068 sqft
    2020-09-01 0 days 2,052 sqft
    2020-10-01 0 days 2,048 sqft
    2020-11-01 0 days 2,084 sqft
    2020-12-01 0 days 2,052 sqft
    2021-01-01 0 days 2,089 sqft
    2021-02-01 0 days 2,042 sqft
    2021-03-01 0 days 2,024 sqft
    2021-04-01 0 days 1,917 sqft
    2021-05-01 0 days 1,876 sqft
    2021-06-01 0 days 1,905 sqft
    2021-07-01 0 days 1,925 sqft
    2021-08-01 0 days 1,950 sqft
    2021-09-01 0 days 1,977 sqft
    2021-10-01 0 days 1,925 sqft
    2021-11-01 0 days 1,914 sqft
    2021-12-01 0 days 1,893 sqft
    2022-01-01 0 days 1,950 sqft
    2022-02-01 0 days 2,211 sqft
    2022-03-01 0 days 2,252 sqft
    2022-04-01 0 days 2,133 sqft
    2022-05-01 0 days 2,029 sqft
    2022-06-01 0 days 2,191 sqft
    2022-07-01 0 days 2,130 sqft
    2022-08-01 0 days 1,909 sqft
    2022-09-01 0 days 1,863 sqft
    2022-10-01 0 days 1,843 sqft
    2022-11-01 0 days 1,884 sqft
    2022-12-01 0 days 1,879 sqft
    2023-01-01 0 days 2,039 sqft
    2023-02-01 0 days 1,987 sqft
    2023-03-01 0 days 2,028 sqft
    2023-04-01 0 days 2,188 sqft
    2023-05-01 0 days 2,113 sqft
    2023-06-01 0 days 2,154 sqft
    2023-07-01 0 days 2,060 sqft
    2023-08-01 0 days 2,005 sqft
    2023-09-01 0 days 2,281 sqft
    2023-10-01 0 days 2,294 sqft
    2023-11-01 0 days 2,281 sqft
    2023-12-01 0 days 2,248 sqft
    2024-01-01 0 days 2,279 sqft
    2024-02-01 0 days 2,297 sqft
    2024-03-01 0 days 2,374 sqft
    2024-04-01 0 days 2,450 sqft
    2024-05-01 0 days 2,437 sqft
    2024-06-01 0 days 2,395 sqft
    2024-07-01 0 days 2,455 sqft
    2024-08-01 0 days 2,447 sqft
    2024-09-01 0 days 2,390 sqft
    2024-10-01 0 days 2,317 sqft
    2024-11-01 0 days 2,248 sqft
    2024-12-01 0 days 2,168 sqft
    2025-01-01 0 days 2,167 sqft
    Natchez's median listing age (time on market) for 2025-01-01 was 0 days.

    Natchez's median square footage for active listings during the 2025-01-01 period was 2,167 sqft. One year prior, the average listing was 2,279 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).